PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. That’s strong growth for something that is a mature payment product,” said Larimer.

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

SEPTEMBER 14, 2018

NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. As a Preferred Partner, AeroPay Express is part of a larger group that supports NACHA’s efforts to promote payments innovation.

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NACHA B2B Payments Payer 49

PYMNTS

MAY 7, 2019

The board of directors for Nacha has selected Jane E. Nacha is an amazing organization whose work is instrumental in building consensus and supporting the creation of rules, standards and education that enhance and enable payments and financial data exchange to benefit all stakeholders,” said Larimer.

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PYMNTS

FEBRUARY 19, 2019

NACHA, the steward of the ACH Network, announced Tuesday (Feb. In a press release , NACHA said it is the fourth year in a row that the ACH Network added more than 1 billion new payments. According to NACHA, ACH Network volume hit close to 23 billion payments in 2018, marking a year-over-year increase of 6.9 billion payments.

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ACH Network ACH Same Day ACH NACHA 82

PYMNTS

OCTOBER 6, 2020

Nacha Adopts Eight ACH Payment Updates. Nacha has adopted eight updates to the Nacha Operating Rules that the group, which enables Automated Clearing House (ACH) payments, said will help modernize the payment style. Global Trade Finance Network Contour Goes Into Production.

Contactless Payments 96

Contactless Payments Innovation NACHA ACH 96

PYMNTS

FEBRUARY 7, 2017

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. NACHA also examined corporate use of Same Day ACH services, with 84 percent of banks saying they had originated services for mid-sized firms.

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Same Day ACH NACHA ACH Faster Payments 44

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. NACHA’s Bill Sullivan gave the recap to PYMNTS CEO Karen Webster. What NACHA has done that no one else in the U.S. NACHA is agnostic in its partnerships.

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NACHA Faster Payments Same Day ACH ACH 45

PYMNTS

MAY 27, 2020

. “When we started work on Mastercard Track Business Payment Service, we looked at the persistent problems in B2B payments and asked ourselves how we could solve them for the benefit of buyers and suppliers,” said Mastercard Executive Vice President of Global Commercial Products James Anderson in a statement.

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Blocks RTP NACHA Credit Union 92

PYMNTS

OCTOBER 10, 2016

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. Innovation On Old Initiatives.

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Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

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API Same Day ACH NACHA ACH 79

PYMNTS

JANUARY 28, 2020

Increasing the transaction limit value to $100,000 is the next logical step for the growing RTP network,” said The Clearing House Senior Vice President of Product Strategy and Development Steve Ledford in a statement. In a press release last week, NACHA said 6.4 Same-Day Boosts ACH Adoption. percent year over year. “The

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Same Day ACH RTP NACHA ACH 79

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. NACHA said 43.2

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Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

APRIL 21, 2020

The functionality means KyckGlobal will wield Visa’s real-time push payments solution, Visa Direct, for both businesses and consumers to secure funds in real time to their small business or consumer debit or prepaid card products. NACHA Notches ACH Growth. B2B payments in particular saw an 11.7

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NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Visa Joins NACHA Pilot. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed.

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RTP Phixius FPC Payment APIs and Integration 101

PYMNTS

JUNE 28, 2017

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF).

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NACHA ACH Checks Push-to-Card 40

PYMNTS

DECEMBER 7, 2016

According to NACHA, the network processed nearly $5 billion in 3.8 For the latest edition of the Faster Payments Tracker™ , PYMNTS caught up with Barry Kislingbury, ACI’s director of solution consulting, and WA Proctor, ACI’s vice president and product line manager, to get their thoughts on faster payments in the U.S.

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Faster Payments NACHA Secure Payments Task Force Same Day ACH 76

PYMNTS

FEBRUARY 15, 2018

” “Many of them have [a] siloed infrastructure, legacy systems [or] their products are disparate,” he said. Industry heavyweights like Visa, NACHA and Bank of America are now operating in the same playing field as newer FinTechs, like NovoPayment and Modulr Finance, as the industry jumps onto the potential of APIs.

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API Payment APIs and Integration NACHA Cross-Border 65

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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Faster Payments Fed RTP Same Day ACH 80

Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. in payment volume growth in Q4 2021.

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ACH Checks Identity Theft Payments 88

PYMNTS

FEBRUARY 6, 2020

Nacha Unlocks Payments Data. Payments organization Nacha announced this week that it is rolling out a new platform designed to standardize and streamline the flow of transaction data between payment ecosystem participants. Nacha also pointed to the challenges of manual management, misdirected payments, errors and fraud risks.

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Payments Data Payment APIs and Integration Credit Union NACHA 73

PYMNTS

FEBRUARY 4, 2019

Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. Meanwhile, NACHA called for continued attention on faster ACH’s value. Faster Rails. FIs and FinTechs are offering additional solutions to handle B2B, payroll and other corporate or governmental payments.

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Faster Payments Federal Reserve Real Time Payments TCH 73

Finovate

MARCH 8, 2024

” Oregon-based Sila launched its ACHNow product in 2018. Federal Government’s FedNow , and Sila’s own instant settlement product that allows all ACH transactions to be settled in seconds. When businesses submit a standard NACHA file, ACHNow routes each transaction to either RTP or FedNow.

Real Time Payments 64

Real Time Payments FedNow RTP ACH 64

PYMNTS

NOVEMBER 9, 2017

Other key takeaways from the November edition of the PYMNTS Same Day ACH Use and Demand Study, a NACHA collaboration, include: Over 66 percent of FIs are making same-day ACH funds available. Zero FIs have reported an increase in fraud due to SDA products. About the Report. We surveyed 125 U.S.-based

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Same Day ACH ACH NACHA Origination 41

Clearly Payments

MAY 22, 2025

Online & Recurring Payments E-commerce Selling products or services online. NACHA The organization that governs the ACH network in the U.S. Chip & PIN EMV transaction that requires a PIN instead of a signature. Tap-to-Pay Using NFC to make a payment by tapping a card or phone. ACH (Automated Clearing House) The U.S.

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Online and Mobile Banking Debit Card Processors ACH 52

PYMNTS

DECEMBER 8, 2016

million Same Day ACH transactions with an average transaction value of more than $1,000, NACHA reported. The PYMNTS Faster Payments Tracker™ , powered by NACHA, is your go-to resource for staying up to date on a month-by-month basis. In October alone, the ACH Network processed nearly $5 billion in 3.8 About The Tracker .

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Faster Payments Same Day ACH ACH NACHA 69

PYMNTS

MAY 4, 2016

In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. The April edition of the Faster Payments Tracker ™ , powered by NACHA, also features the latest news and analysis from around the industry.

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Faster Payments Same Day ACH NACHA ACH 40

Fintech Finance

MARCH 21, 2024

SVB offers the ability to scale, ACH expertise, and a closer integration with the Nacha ecosystem,” said Eric Shoykhet, Link Money CEO. “SVB’s tech-forward banking platform enables us to provide a higher quality product offering for merchants utilizing our Pay by Bank solution.”

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ACH ACH Processing NACHA Credit Cards 52

PYMNTS

AUGUST 10, 2017

While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ territories. Why the tension? They don’t do banking for a living.

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PYMNTS

FEBRUARY 5, 2018

Our product leadership is evidenced by the strong bookings we recorded in the quarter. Last November, Bottomline Technologies announced a partnership with NACHA, which will be using Bottomline’s Paymode-X platform to collaborate with partners on B2B payments innovation and explore how to remove friction from ACH payments.

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Technology NACHA B2B ACH 40

PYMNTS

MAY 30, 2018

The integration is aimed at allowing users to compare different financial products and track spending services from a centralized app. NACHA Aims to Give Banks a Standard Language. The FI recently completed its open banking integration with RBS Group, one of the nine largest banks in Great Britain and Northern Ireland.

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Payment APIs and Integration ISO 20022 Interoperability NACHA 52

Payments Source

SEPTEMBER 19, 2017

Same-day and real-time payment products are designed for basic transfers that don't meet the more complex needs of Lyft's ride-sharing service, contends Ashwin Raj, Lyft's vice president of payments.

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Faster Payments Real Time Payments Payments Product 113

PYMNTS

AUGUST 3, 2018

The BPDA will use API technology and blockchain; the company is working with the API Standardization Industry Group , a NACHA-sponsored organization supporting standardization of APIs in the financial services industry. Payees can manage their own payment preference data in real time, the companies explained.

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B2B NACHA API Payee 40

PYMNTS

SEPTEMBER 21, 2018

In beauty, about 50 Macy’s stores have been tapped to house virtual mirrors that will allow customers to “try on” 250 make-up products without having to actually put anything on their face. The products can be selected from an in-app list of Sephora items, allowing users to test them before committing to a purchase with Samsung Pay.

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Same Day ACH ACH NACHA Money Laundering 77

PYMNTS

AUGUST 13, 2018

The technology investments we are making are designed to extend our product leadership and drive continued growth for years to come. B2B payments have not evolved at the same pace as other types of payments, because they can be more complex,” said NACHA Chief Operating Officer Jane Larimer in a statement at the time.

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NACHA B2B ACH Adjustments 40

PYMNTS

MARCH 6, 2018

NACHA released a survey last year that found while ACH payments currently account for 32 percent of payments received by accounts receivable professionals, the AR industry expects ACH to surpass paper checks by 2020, accounting for up to 45 percent of payments received. percent of payment volume by 2020. “It

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ACH NACHA Commercial Card B2B 46

PYMNTS

JANUARY 21, 2019

NACHA was able to get all 13,000 banks in the U.S. NACHA reports that a growing percentage of healthcare claims are now using SDA rails instead of checks – one giant leap toward putting checks out of business. Then there’s Square’s new business debit product, Square Card. are moving faster than they ever have. They should be.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

FEBRUARY 4, 2020

In 2019, Aliaswire won the National Automated Clearing House Association (NACHA) ACH Network Challenge, as well as the Electronic Transaction Association (ETA) Innovation Award. . Aliaswire is delivering great value and driving transformational change in the market with its compelling and innovative approaches to payments.

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PayPal ACH Network NACHA ACH 52